RBI Policy

  • 2024-02-08
  • Ruchit Thakur

RBI Policy key takeaways
 

Today, the RBI's monetary policy committee voted to retain the repo rate at 6.5%. In addition, the policy committee forecasted 4.5% CPI inflation and 7% GDP growth in FY25. RBI Governor Shaktikant Das also stated that the struggle against inflation is not done; the fight to limit inflation on a long-term basis would continue, which indicates that rate cuts will not occur soon.


 

Key Highlights :

 

  • The RBI Monetary policy committee keeps the repo rate steady at 6.5%.

 

  • Policy committee forecasted 4.5% CPI inflation and 7% GDP growth in FY25.

 

  • The RBI Governor said that the MPC remained resolute on containing inflation at target of 4.5%.

 

  • RBI Governor Shaktikanta Das' didn't surprise the markets and stuck to the playbook by maintaining the status quo.

 

  • Rupee stable, forex reserves $622.50 billion.

 

  • Global growth is expected to remain steady in 2024, with heterogeneity regions.

 

  • Indian growth story to continue stronger.